Stories for December 2016

Friday, December 30

Manufacturer Buys Sharper Image

ThreeSixty Group Inc. in Irvine acquired The Sharper Image brand from Iconix Brand Group Inc. in New York for $100 million in cash.

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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,242.09.

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PE Firm Buys in Virginia

Private equity firm Lotus Innovations LLC in Irvine acquired Edge Technologies Inc. in Reston, Va., on undisclosed terms.

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Thursday, December 29

Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,246.65.

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Wednesday, December 28

Midday Stock Roundup

The S&P 500 was down 0.7% in midday trading to 2,253.75.

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Tuesday, December 27

Ensign Buys Assisted Living Land

Ensign Group Inc. in Mission Viejo bought the parcels under 15 assisted living facilities it runs in Wisconsin and plans to buy more land under the healthcare properties it operates in more than a dozen states.

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Accountancy Promotes Partners

BDO USA LLP in Irvine named Joe Johnson its West Region managing partner and Kristen McCarthy to succeed Johnson in his former role of Orange County assurance managing partner.

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Visit Anaheim Starts Show

Visit Anaheim plans to hold its first Sports Express show at the Wyndham Anaheim Garden Grove Jan. 11 to 13. The event will draw 15 to 20 sports event organizers and meeting planners, plus attendees from local hotels and cities.

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JWA September Traffic Up

John Wayne Airport moved about 867,000 passengers in September, up 5% over September 2015, when about 824,000 passed through its gates.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,270.39.

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Electronics Maker Buys in Canada

Infinite Electronics Inc. in Irvine acquired KP Performance Antennas in Edmonton, Alberta, Canada on undisclosed terms.

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Friday, December 23

Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,260.20.

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Thursday, December 22

Kawaski, Citi to Offer Credit

Foothill Ranch-based Kawasaki Motors Corp. U.S.A. has arranged for Citi Retail Services to offer consumer financing via Kawasaki-branded credit cards at motorcycle manufacturer’s 1,100 authorized dealers.

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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,259.20.

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Hyundai CEO Out

Hyundai Motor America Inc. has parted ways with Chief Executive Dave Zuchowski, who led the Fountain Valley-based automaker for the past three years.

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CalAmp CFO to Retire

Rick Vitelle, chief financial officer, corporate secretary and executive vice president at CalAmp Corp., is retiring from the Irvine-based company.

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Wednesday, December 21

Ubiquity Ordered to Pay $7.7M

A federal judge in Illinois levied a $7.7 million award against Irvine-based Ubiquity Inc. in favor of Gerald North, principal of the former Chicago-based Gerald D.W. North & Associates.

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Trump Taps UCI Professor

University of California-Irvine economics professor Peter Navarro has been selected by president-elect Donald Trump to oversee a newly created White House National Trade Council.

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Masimo Gets Sensor OK

Masimo Corp. in Irvine received FDA clearance for the sale of its TFA-1 Single-Patient-Use Adhesive Forehead Sensor.

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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,268.41.

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Tuesday, December 20

Consultancy Names CEO

Resources Connection, Inc. in Irvine named Kate W. Duchene president and chief executive, effective Dec. 19

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Allergan in $2.9B Aesthetics Buy

Allergan plc bought LifeCell Corp., which develops aesthetic and regenerative medicine used in plastic surgery, for $2.9 billion, in a deal expected to close in the first quarter.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,269.28.

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Autobytel Sells Specialty Product

Autobytel Inc. in Irvine sold its specialty finance leads product to El Segundo-based Internet Brands Inc. for $3.2 million.

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Monday, December 19

OC Placement Firm Acquired

National placement firm Decision Toolbox in Irvine has been acquired on undisclosed terms by Engage2Excel in Statesville, N.C.

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Sonendo Funding Tops $100M

Sonendo Inc. in Laguna Hills received $35 million in an extension of a Series D funding round that brings the privately held dental device maker’s total funding to more than $100 million.

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Yamaha Unit Buys Engine Maker

Yamaha Motor Corp. USA in Cypress said its Kennesaw, Ga.-based Outdoor Power Equipment division acquired Subaru Industrial Power Products on undisclosed terms.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,263.70.

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Confie Buys in Arizona

Huntington Beach-based insurance provider Confie acquired on undisclosed terms Oasis Insurance in Mesa, Ariz.

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UCI Applications Set Record

The University of California-Irvine received a record 102,210 admission applications and expects the number to grow by the Jan. 3 deadline for the fall 2017 term.

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Proctor Joins Senior Living Board

Deborah Proctor will join the board of Front Porch, a Glendale-based nonprofit operator of senior and affordable housing communities, starting January.

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OC 500’s Place in the Pulpit; Man’s Lamb Chops

Howard and Roberta Ahmanson recently hosted another intriguing salon at their family office on Von Karman, providing the Baroness Caroline Cox, a long-standing member of the British House of Lords, a platform to talk about her ongoing efforts to give voice to peoples under religious prosecution around the world—you can check out her book titled “The Very Stones Cry Out” for more.

Real Estate Deals

Sales and leases of offices, industrial buildings, retail space and apartments

K&G El Paseo 1 & 2 LLC sold Plaza El Paseo in Rancho Santa Margarita to Plaza El Paseo Center LLC for $56.6 million, or about $550 per square foot.

OC 500’s Place in the Pulpit; Man’s Lamb Chops

Howard and Roberta Ahmanson recently hosted another intriguing salon at their family office on Von Karman, providing the Baroness Caroline Cox, a long-standing member of the British House of Lords, a platform to talk about her ongoing efforts to give voice to peoples under religious prosecution around the world—you can check out her book titled “The Very Stones Cry Out” for more.

A Look Back at the Homes that Wowed Us This Year

Stadium Sports, Outdoor Living, Even a Tower

Orange County boasts some of the most impressive homes in the country, from sprawling European-inspired estates that grace the low hills of Coto de Caza to the modern masterpieces with endless ocean views.

OC 500’s Place in the Pulpit; Man’s Lamb Chops

Howard and Roberta Ahmanson recently hosted another intriguing salon at their family office on Von Karman, providing the Baroness Caroline Cox, a long-standing member of the British House of Lords, a platform to talk about her ongoing efforts to give voice to peoples under religious prosecution around the world—you can check out her book titled “The Very Stones Cry Out” for more.

State Fund Office in Santa Ana Sold to Investor

REAL ESTATE: Caltrans’ new space last sold for $40M in 2014

A Chicago-based real estate investor that buys commercial properties leased to government agencies has bought the State Fund office in Santa Ana, bringing its 2016 Orange County acquisitions tally past the $120 million mark.

The Eyes Have It With OCTANe’s New Fund

HEALTHCARE: First $5M in investments spread over 3 deals

Aliso Viejo-based OCTANe has invested $5 million in three ophthalmology companies through its Visionary Venture Fund.

Palace Pays Debt With Parent’s IPO

Palace Entertainment Holdings LLC in Newport Beach has paid down $430 million in debt with part of the proceeds of its Madrid-based parent company’s $600 million initial public offering in April.

2017 Preview: HEALTHCARE

Healthcare services continue to trend toward convenience and personalization.

2017 Preview: HOSPITALITY

The Disneyland Resort area and the coast drew most of the investment in hotels that opened or got under way this year.

Modified Mainstream at Source

Food, Entertainment Main Draws at New Retail Landmark in Buena Park

Visitors to Buena Park’s soon-to-open retail center, The Source, next year should have the chance to check out a movie in a theater that incorporates interactive special effects, relax at a spa, play a round of virtual-reality golf, and sample fare from across the globe at a variety of restaurants unique to the area.

2017 Preview: Multifaceted Push for Growth

No sooner does OC’s community of business make big news one year than it’s prepping plans to do it again in the next.

North OC Business Parks Get NorCal Owners

$46.5M Spent on 2 Sites That Last Sold for $34.1M

One of the largest business parks in Yorba Linda has been bought by an investor in San Francisco.

Fashion Island Tests Interactive User Tech For Irvine Company

RETAIL: Chatbot helps navigate guests’ brick-and-mortar experience

Irvine Company is using Fashion Island as a testing ground for a concierge chatbot that helps shoppers find brands, stores or services offered at the outdoor mall in Newport Beach.

Game Maker Takes Artsy Approach

TECHNOLOGY: Coloring app diversifies revenue streams

The recent acquisition of thousands of digital jigsaw puzzles signals a new turn for MobilityWare as it diversifies revenue streams beyond traditional card games.

Year in Technology Highlights New Generation

Consolidation Shakes Up Otherwise Veteran Lineup

It was a dynamic year in Orange County’s diverse technology sector as several young companies made the leap to market-leading contenders.

2017 Preview: RETAIL & MARKETING

Orange County will have a prominent role in the marketing industry’s deepening use of artificial intelligence as more tools emerge to help brands connect with consumers on a personal level.

Accelerator Joins Startups System With 10-Firm Setup

ERGO Capital Establishes Facility at Eureka in Irvine

Irvine-based ERGO Capital recently launched an accelerator at the Eureka Building co-working space in Irvine.

2017 Preview: REAL ESTATE

Is the clock ticking on Orange County’s real estate market?

2017 Preview: TECHNOLOGY

The past year was marked by a wave of consolidation in the local technology sector as several big-name companies were taken over.

City of Santa Ana Calls in the Pros for Profile Refresh

Hires Nashville Shop to Work on Its Public Image

Santa Ana hired North Star Destination Strategies in Nashville, Tenn., to develop a “community brand” for the city to market itself to residents, businesses and visitors.

Edwards Maps 2017 Outlook at Investor Conference

Valve Maker Expects Sales Gains From New Segments

Edwards Lifesciences Corp. highlighted growth plans for its core and newly acquired business lines next year.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 39, No. 51

The University of California-Irvine opened a Center for Critical Korean Studies with a grant of about $850,000 from the Academy of Korean Studies in Seongnam, South Korea.

OCBJ Calendar

Dec. 19-28, 2016

This week's business and other event listings.

Friday, December 16

Proctor Joins Senior Living Board

Deborah Proctor will join the board of Front Porch, a Glendale-based nonprofit operator of senior and affordable housing communities, starting January.

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Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,257.29.

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Unemployment Falls on Holiday Hires

Orange County’s unemployment rate fell to 3.7% in November from a revised 4.1% in October.

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Chapman: OC’s Job Growth Slowing

A report released by Chapman University on Thursday said Orange County’s job growth is slowing along with the rest of the state, though the local rate will still exceed California’s next year.

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Hotels Manager Adds in Sacramento

Twenty Four Seven Hotels in Newport Beach added a management deal in Sacramento, its second in that market

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Thursday, December 15

Midday Stock Roundup

The S&P 500 was up 0.6% in midday trading to 2,267.79.

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Wednesday, December 14

Alloy Maker Names Chief

Liquidmetal Technologies Inc. in Rancho Santa Margarita named Chinese businessman Yeung Tak Lugee Li president and chief executive.

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Midday Stock Roundup

Markets were flat in midday trading as investors waited for the Federal Reserve to speak on interest rates.

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JetSuiteX Adds Santa Monica

JetSuiteX in Irvine plans in February to begin offering public charter flights from Santa Monica Airport.

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Tuesday, December 13

Genetics Nonprofit Grows Board

Global Genes in Aliso Viejo expanded its board from eight members to 11 with the additions of Wendy White, Natalie Douglas, and Nauman Shah.

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Galardi Gets Senior Slot

Wienerschnitzel in Irvine named J.R. Galardi executive vice president of the fast food hot dog chain.

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Fashion Island Unveils Chatbot

Fashion Island launched a concierge chatbot that helps shoppers find a specific brand, store or service offered at the outdoor mall in Newport Beach.

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Midday Stock Roundup

The S&P 500 was up 0.8% in midday trading to 2,276.33.

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Taco Bell to Grow in Spain

Taco Bell Corp. in Irvine plans to more than double its restaurants in Spain with 45 new units in three to five years through its franchisee Casual Brands Group in Madrid.

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Pacific Premier Buys in Central Coast

Pacific Premier Bancorp Inc. in Irvine will acquire Heritage Oaks Bancorp in Paso Robles in an equity deal for about $405.6 million.

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Monday, December 12

Center for Korean Studies Opens

The University of California-Irvine opened a Center for Critical Korean Studies with a grant of about $850,000 from the Academy of Korean Studies in Seongnam, South Korea.

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Sports Anaheim Signs Three Deals

Sports Anaheim today said it signed deals with three national sports governing bodies to host events for them. Two of the groups will maintain a presence in or move to Anaheim; the third is already based in Orange County.

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Peppers Wins Lott Trophy

University of Michigan standout Jabrill Peppers took home top honors at the 13th annual Lott IMPACT Trophy Awards last night at the Pacific Club in Newport Beach.

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Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,254.61.

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Bank Files to Sell $200M in Stock

First Foundation Inc. in Irvine filed a shelf registration with the Securities and Exchange Commission to sell up to $200 million in shares.

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2016 YEAR in Review: Technology

The Business Journal, in a rare move, double dipped and tapped Broadcom co-founder Henry Samueli as the person to watch.

Challenges Start at Aitkens’ Place

Holiday fun can become more meaningful with a challenge or two, which was the case at Wylie and Bette Aitkens’ recent party at their spread in Anaheim Hills.

Aliso Viejo Health Center Operator Snags $92M

HEALTHCARE: Draws interest of Swiss billionaire’s fund

Aliso Viejo-based Crossover Health Inc. secured a $92 million investment from Gurnet Point Capital in Cambridge, Mass.

De Novo Bank Cancels Bid to Join Field

FINANCE: Falls short on requirement to raise $25 million

Organizers of Core Commercial Bank have put the effort on the shelf in a move that comes about a year after they received government approval.

Oakley In Deal At Big Bear Resort

Oakley Inc. has signed on as the official eyewear and goggle brand of the Big Bear Mountain Resort, which includes the Bear Mountain, Snow Summit and Snow Summit Bike Park venues.

2016 YEAR in Review: Real Estate

Jabara’s Mobilitie, a wireless infrastructure firm whose business model is run much like a traditional real estate landlord, entered the year promising the “largest network deployment in the U.S.”

Hines in Line to Buy New Broadcom Campus

Mega Transaction Expected to Include Land, Leaseback

The local office of real estate investment and development firm Hines Interests LP (see related story, page 4) has emerged as the likely buyer of the massive office campus being built for Broadcom Ltd. in Irvine.

2016 Year in Review

Another big year.

2016 YEAR in Review: Healthcare

We selected Kiani—co-founder and longtime chief executive of Irvine-based patient monitoring device manufacturer Masimo Corp.—as the person to watch in 2016 based primarily on his ongoing effort to eliminate preventable patient deaths in U.S. hospitals by 2020.

Startup Hits Return On Growth Via Reliable Email

TECHNOLOGY: Raises $33M in anticipation of IPO Next Year

A startup founded by a couple of Orange County residents and a partner from Riverside, raised $33 million in advance of a potential initial public offering next year.

2016 YEAR in Review: Finance

Healy is co-founder and managing director of private equity firm L Squared Capital, which opened its Newport Beach office about two years ago.

PIMCO Plans More Property Buys with New Fund

REAL ESTATE: $818M raised in past month for BRAVO III

Pacific Investment Management Co. has raised more than $800 million in recent weeks for a new fund that will invest largely in real estate-oriented assets.

Conexant Climbs on Amazon Deal

TECHNOLOGY: Erstwhile tech star’s chip in Alexa development kit

Conexant Systems Inc.’s new deal with Amazon.com signals a comeback for the Irvine-based chipmaker, which emerged from bankruptcy organization more than three years ago under the ownership of hedge fund billionaire George Soros.

2016 YEAR in Review: Hospitality

Our man to monitor—local honcho for Hong Kong-based Wincome Group—kept a low profile but piloted prominent projects to approvals.

2016 Year in Review: Retail & Marketing

Hyundai Motor America Inc.’s chief executive caught our eye as the South Korea-based automaker announced it will launch a stand-alone, luxury brand in January.

PHILANTHROPY

Orange County’s top philanthropists, business leaders and others were honored at the 31st Annual National Philanthropy Day Orange County Awards Luncheon on Nov. 17 at City National Grove of Anaheim.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 39, No. 50

Greensboro, N.C.-based VF Corp. promoted Vans Inc. President Kevin Bailey to the same post for the parent company’s Asia-Pacific region.

Platform Tries to Give YouTube a Run for Its Money

Video Views for a Fee To Pivot on Influencers

A Newport Beach company that allows for personalities and experts in various categories to create subscription-based video channels recently has racked up big distribution partners.

OCBJ Calendar

Dec. 12-21, 2016

This week's business and other event listings.

CombiMatrix in New York State of Mind on IVF

Test to Screen Embryo Health Gets Conditional OK

Irvine-based CombiMatrix Corp. has received conditional approval from the New York State Department of Health for pre-implantation genetic screenings.

El Pollo Loco Goes Crazy on Mobile Ordering Trend

Latest Chain to Embrace On-the-Go Business

El Pollo Loco launched a mobile app that customers can use to place orders, and revamped its website to support online ordering. New York-based marketing technology firm Olo developed both features.

Firm Mulls IPO Hinged on Video Analytics, Other Lines

Irvine Sensors Platform Uses Artificial Intelligence

Irvine Sensors Corp. is exploring an initial public offering as it develops a video analytics platform that incorporates artificial intelligence.

Real Estate Deals

Sales and leases of offices, industrial buildings, retail space and apartments

Jc Financial Entity Inc. sold an office building in Anaheim to Westview Services Inc. for $1 million, or about $272 per square foot.

OC’s Collection of Food Halls Making Their Mark

156,000 SF of Total Space Leads San Diego, Lags LA

A new retail brokerage report has given credence to Orange County’s growing status as a foodie haven, particularly when it comes to hip food halls.

Friday, December 9

Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,253.20.

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Thursday, December 8

Gross’ Wife Files for Divorce

The wife of “bond king” Bill Gross filed for divorce last month.

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Engineering Firm Acquired

CivilSource, Inc. in Irvine has been bought by NV5 Global Inc. in Hollywood, Fla., for an undisclosed cash price.

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CKE Chief Might Head Labor Dept.

Andrew Puzder, chief executive of CKE Restaurant Holdings Inc., is expected to be nominated by President-elect Donald Trump to lead the Labor Department, news reports said.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,247.85.

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Blizzard Branches into Books

Blizzard Entertainment Inc. in Irvine launched a book-publishing label, Blizzard Publishing, which will develop and release new and out-of-print titles related to the company’s “Warcraft,” “StarCraft” and “Diablo” games, both directly and through ongoing global partnerships.

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Conexant Chips for Amazon’s Alexa

Chipmaker Conexant Systems Inc. in Irvine is supplying key audio and voice technology to Amazon.com as part of a deal announced this morning.

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Wednesday, December 7

15-Story Hotel Tower OK’d

Costa Mesa’s Avenue of the Arts Hotel is set for a 63% expansion in room count following city planning commission approval on Nov. 28 of a new, 15-story tower adjacent to the existing property.

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Midday Stock Roundup

The S&P 500 was up 0.6% in midday trading to 2,224.21.

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Microsemi Invests in GE Spinout

Chipmaker Microsemi Corp. in Aliso Viejo is part of a consortium of investors putting $18.7 million into an Irvine startup spun out of General Electric’s Global Research Center.

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Vans Boss Moves to Parent Co.

VF Corp. in Greensboro, N.C. promoted Vans Inc. President Kevin Bailey to the same post for the parent company’s Asia-Pacific region.

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Game App Maker Buys Puzzle Firm

MobilityWare in Irvine bought Critical Hit Software in San Diego on undisclosed terms.

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Tuesday, December 6

Ingram Micro Merger Closes

Ingram Micro in Irvine completed its $6 billion merger with Chinese conglomerate Tianjin Tianhai Investment Company Ltd.

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Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,208.41.

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Monday, December 5

Rancho Santiago Center Gets Grant

The Rancho Santiago Community College District Foundation’s Orange County Small Business Development Center received a $150,000 grant from the MUFG Union Bank Foundation.

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Film School Benefactor Dies

Larry Dodge, one of the namesakes of Chapman University’s Dodge College of Film and Media Arts, died Thursday.

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Midday Stock Roundup

The S&P 500 was up 0.5% in midday trading to 2,203.84.

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Toshiaki Ogasawara Dies

Manufacturing magnate, Pelican Hill resident and OC’s Wealthiest list member Toshiaki Ogasawara died Nov. 30 in Newport Beach at age 85.

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Broadcast Innovator Dies

Longtime Newport Beach resident and television industry innovator Robert “Bob” Bennett died on Tuesday.

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QLogic to Sell HQ In Aliso Viejo, Lease in Spectrum

REAL ESTATE: Takes 1 of 2 spec buildings on Sand Canyon

The new Silicon Valley-based owner of QLogic Corp. is moving the networking products maker’s local operations from Aliso Viejo to an office building under construction in the Irvine Spectrum.

Edwards to Get Israeli Device Maker

Edwards Lifesciences Corp. in Irvine will buy Valtech Cardio Ltd in Or Yehuda, Israel, for $340 million in a cash and stock deal expected to close early next year.

Toshiba Closes Irvine Sale, Eyes New Space

REAL ESTATE: LBA makes 26-acre campus buy for $65M

The U.S. operations of Japan-based Toshiba Corp. should maintain a sizeable presence in Irvine following the sale of the company’s main local campus in the city, real estate sources say.

Management Deals Boost Twenty Four Seven Hotels

HOSPITALITY: Firm taps trends, finds deals for owners

Twenty Four Seven Hotels in Newport Beach closes a year of 50% growth with two management deals in Palm Desert and a third in Northern California.

Nonprofit Revenue up 3%, Client Base Rises 2%

Volunteers Increase 10%, Staff Up 4% at 93 Groups

Orange County’s nonprofit organizations continued to grow revenue in the past year as more OC residents requested their services.

Koch Foundation Keys New Institute at Chapman

EDUCATION: Aims to meld studies of economics, humanities

Chapman University President Daniele Struppa has taken the fundraising torch from Jim Doti, securing a recent $15 million gift that will allow Chapman University to establish the Smith Institute for Political Economy and Philosophy.

Irvine Nihon Unit Lands $35 Million Defense Contract

To Supply Patient Monitors For Military, Civilian Use

Irvine-based Nihon Kohden America Inc. has been awarded a $35.3 million one-year contract by the Department of Defense to supply patient monitoring equipment.

Keirstead's New Target, Timeline

Stem Cell Pioneer Sets Sights on Ovarian Cancer

Hans Keirstead has gotten his band back together—and now he has a date.

Western Digital Joint Venture Provides New Path in China

Data Storage, Products Businesses Stand to Benefit

The much-anticipated joint venture between Western Digital Corp. and China-based electronics manufacturer Unisplendour Corp. Ltd. is up and running a little more than a year after the agreement was first struck.

Musco & Musk; Eyes on Fig & Olive; Strip Mall’s New Fortune

Word on the street says Paul Musco has racked up a win with Tesla’s operation in Europe.

$73.4M for Office Campus in Cypress

REAL ESTATE: Deal largest for sector in West OC this year

The largest office campus in Cypress has sold to a big New York-based investor.

Real Estate Deals

Sales and leases of offices, industrial buildings, retail space and apartments

Bryan E. Nash Living Trust sold a 0.55-acre commercial propery in Anaheim to Adam A. Nasry for $1.1 million, or about $2 million per acre.

62% Price Bump in $41.2M Sale of Tustin Apartments

Increase for 165 Units Follows 2 Deals, 5 Years

The 165-unit Vio Apartments complex in Tustin has sold for the third time in five years in what looks to be a big markup in price from its last two sales.

OCBJ Calendar

Dec. 5-14, 2016

This week's business and other event listings.

Stance Steps Into Classic Disney Character Lineup

Sock Maker Debuts Duds For Men, Women, Kids

Stance Inc. in San Clemente is collaborating with Disney Consumer Products Inc. on a men’s, women’s and kids collection featuring Minnie Mouse, Mickey Mouse, Pluto, Donald Duck, and Goofy.

Rapid Healthcare Gets Funding, Beefs Up Sales Ranks

Aims to Launch Second App for NICUs in 2017

Irvine-based mobile medical apps developer Rapid Healthcare Inc. received an undisclosed amount of funding from Watermark Venture Capital in Newport Beach.

Prices Reflect Rarity, Value of Luxury Lots Left in OC

.30-Acre Parcel In Laguna for $14.8M

Orange County’s most expensive communities are concentrated along the water.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 39, No. 49

Pacific Investment Management Co. in Newport Beach agreed to pay $20 million in penalties, fees and interest to the Securities and Exchange Commission to settle charges that it misled investors about one of its funds.

2016 Nears Close With Entrepreneurial Flurry

Chefs, Owners Branch Out; Plus Fifi on Water Grill

More changes and circulating stories in the industry.

LoanDepot in Line to Pick Up 2 Firms

Foothill Ranch housing lender LoanDepot LLC on undisclosed terms bought Closing USA LLC and will buy American Coast Title Co.

Kingston to Sponsor Leading Gamer

The gaming accessories unit of Fountain Valley-based Kingston Technology Co. will sponsor one of the world’s top “Street Fighter” players.

Advantage Solutions Picks Up Ad Shop

Advantage Solutions, an Irvine-based provider of sales, marketing, merchandising and digital technology services to packaged goods manufacturers and retailers, bought a consumer marketing firm in Chicago on undisclosed terms.

Battery Pack Maker Raises $802,000 in Crowdfunding

ChargeTech Blew Past Initial Goal for Portable

Costa Mesa-company ChargeTech raised 2,675% of its fundraising goal on crowdfunding platform Indiegogo, taking in more than $802,000 after setting an initial goal of $30,000 for PLUG, which it says is the first portable battery pack that has two AC wall outlets.

Friday, December 2

Ingram Sale Gets China Nod

Ingram Micro Inc.’s $6 billion pending sale to Tianjin Tianhai Investment Co. Ltd. has gained a key regulatory approval in China.

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Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,194.74.

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Anaheim Welcomes ‘Show of Shows’

Orange County hosts the ‘show of shows’ next week at Anaheim Convention Center with a trade event expected to produce about 4,000 room nights over its three-day run.

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CareTrust in $96M Texas Buy

CareTrust REIT in San Clemente bought four skilled nursing properties in the Dallas-Fort Worth market for about $96 million and signed a new tenant to run them.

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Thursday, December 1

PIMCO to Pay SEC $20M

Pacific Investment Management Co. in Newport Beach agreed to pay $20 million in penalties, fees and interest to the Securities and Exchange Commission to settle charges that it misled investors about one of its funds.

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November Mixed for OC Carmakers

Two out of four Orange County-based automakers beat the national sales pace on new-vehicle sales in November, according to New Jersey-based market researcher Autodata Corp.

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Architects Buy New HQ

Architecture Design Collaborative in January will move its headquarters from Costa Mesa into a building it bought in Laguna Hills with plans to hire 10 to 15 architects and related staff through the first quarter of 2017.

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Midday Stock Roundup

The S&P 500 was down 0.4% in midday trading to 2,190.41.

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LoanDepot Buys Title Firm

LoanDepot LLC on undisclosed terms bought Closing USA LLC and will buy American Coast Title Co. Inc.

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